Branford Castle Partners’ portfolio company, Vitrek, LLC acquires Albany, New York-based MTI Instruments, Inc. This new addition brings MTI’s jet engine balancing systems, signal generators and precision methodology devices, which will expand Vitrek’s line of electronic test and measurement products.
The acquisition also broadens Vitrek’s relationships with blue-chip aerospace, defense, semiconductor and renewable energy customers globally.
Vitrek has completed three bolt-on acquisitions from Branford’s help. This has significantly expanded its capabilities and more than tripled its revenues.
Vitrek’s CEO, Don Millstein, observed, “We’re excited to continue to build the Vitrek team and to add MTI’s great products to our offerings. We expect that our dedication to providing exceptional test and measurement equipment will deliver increasing value for our customers.”
As noted by David Castle, Branford’s Managing Partner, “It has been exciting working with Don and the Vitrek team to find great bolt-ons like DynamicSignals, with its esteemed Gage and Signatec product lines, and now MTI Instruments. The core Vitrek business has significantly expanded organically under Don’s leadership, and MTI will further augment its suite of products and services.”
